blocked currency

Definitions

Accounting

  • noun a currency which cannot be taken out of a country because of government exchange controls

Forex

  • (written as Blocked Currency)
    A currency that is prohibited from being exchanged on the Forex. For political or economic reasons, a central bank may restrict some currency from being converted into another nation's currency. Also see nonconvertible currency.

Politics

  • noun money which cannot be taken out of a country because of exchange controls
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